Hyperdrive
Volkswagen Lands Deal In Shaky Period for Carmaker Bonds
This article is for subscribers only.
A Volkswagen AG entity is set to raise new debt on Tuesday in a deal that tested demand among bond investors during a tough time for European carmakers.
Volkswagen Financial Services — the German firm’s in-house customer financing businesses — is poised to raise €2.75 billion ($2.92 billion) via three green bonds, according to a person familiar with the matter who asked not to be identified. The tranches are due between 2.5 and seven years and orders amounted to more than €11.7 billion at final terms.